C2CALL raises 2 Million Dollar in series A funding
C2Call has raised 2 million dollar in Series A funding from High-Tech Gründerfonds, Draper Investment Company and Mr. Klaus Wecken, co-founder of KHK Software AG. C2Call will use the funds for expansion into international markets for its FriendCaller service, the first and only free browser-based Internet phone solution that can turn emails, social networks and any Internet-ready device, such as the iPod Touch or iPad, into a phone.
FriendCaller lets anyone make a call by clicking a uniquely assigned link which can be placed in an email, IM, website, blog, Twitter post, Facebook update, or any other social network site. Clicking the link instantly connects the caller to the recipient via the browser, with no download or registration required. FriendCaller connects friends and family instantly – cost-free via the Internet, and for only 2 cents per minute via land lines and cell phones from the US to over 35 countries. C2Call has generated more than $2 million in revenues since April 2010 and has more than 900,000 users, with an additional 15,000 new users a day.
“C2Call has quickly demonstrated that its free browser-based service FriendCaller has all the makings of a game changer,” said Don Plaisted, managing director of Draper Investment Company. “We’re excited to play a role in helping C2Call enable the mass market to benefit from simple, straight-forward and free phone calls via VoIP.”
“We are proud to back such a promising company that is redefining the browser-based phone market,” said Andreas Quauke, investment manager with High-Tech Gründerfonds. “We are confident that in joining this group of investors, we will enable C2Call’s technology to conquer new markets.”
“We’re delighted to work with Draper Co., High-Tech Gründerfonds and Mr. Klaus Wecken as investors because of their proven experience in backing world-class companies,” said Martin Feuerhahn, founder and CEO of C2Call. “Consumers have already made FriendCaller one of the most popular apps in iTunes – ranked in the top 15 free social networking apps. We now intend to build upon this popularity and extend our lead to enable consumers everywhere to speak freely.”
C2Call (www.c2call.com) is the first company to offer free Internet phone calls to anyone, without the need to download software or register. C2Call’s FriendCaller is the first and only Internet phone solution that lets anyone make a free call by clicking a link sent via email, IM, social networks, blog or website. C2Call was founded in 2008 by CEO Martin Feuerhahn and CTO Michael Knecht, founders of Actai Networks, the mobile Internet solutions development company. C2Call is a venture-backed company that has generated more than $2 million in revenue since April 2010.
About Draper Investment Company
Draper Investment Company (www.draperco.com) is a global venture capital firm that specializes in investments in early-stage software, telecommunications and information technology companies. Formed to diversify the Draper family investing initiatives, Draper Investment Company is funding global technology companies of tomorrow and helping them to achieve maximum potential through contacts, advice and support. At the same time, Draper provides its portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital.
About High-Tech Gründerfonds
The High-Tech Gründerfonds invests risk capital in young, high-potential technology companies that convert promising research results into business success. With seed financing, start-ups work in research and development on a prototype or a “proof of concept,” or until they launch in a specific market. The High-Tech Gründerfonds has €272 million under management. Investors of the Public Private Partnership are the German Federal Ministry for Economy and Technology, the KfW Banking Group and six industrial groups: BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.
High-Tech Gründerfonds Management GmbH
Phone: +49 228 96568500
Fax: +49 228 96568550